--%>
Assignment Help - homework help

Uniform costing benefits

The uniform costing executed? It is beneficial for an organization?

E

Expert

Verified

Uniform costing method is executed due to the following merits:

- A helpful instrument for management manages as the individual performance is evaluated against norms set up for the industry as a entire.

- It keeps away from cut-throat competition.

- Weaker units can take the benefit of the well-organized techniques of production so as to raise their own effectiveness.

- The accomplishments in development and research programmers might be distributed through the superior units with the lesser units.

- Provides the most excellent cost control system or cost appearance in the whole industry.

- It helps out in enlightening the fewer informed units concerning the cost accounting techniques.

- It allows a proportional appraisal between the two sectors.

- It assists the government in changeable prices of vital and imperative items.

- It assists in price fixation.

- It makes simpler the work of wage boards to fix least amount and fare salaries for a firm.

- It assists trade organization in consulting the government in the trade issues.

   Related Questions in Financial Accounting

  • Q : Accouning Required parts are clearly

    Required parts are clearly describes at the end of the questions and additional resource contains the journal article related to question three.. Approx 2000 word assignment.. First Question is of not more than 1000 words to make memorandum and its example is given at end of assignment and require

    		•
  • Q : Portfolio of Sharemarket SHAREMARKET

     SHAREMARKET ASSIGNMENT SHEET  - Select a share portfolio consisting of one company from each group listed above. The total value of your portfolio should add up to

  • Q : Case study of an economic and labour

    The woman in the dark suit (serious women always wear black suits) leafed through the papers on her desk. She was a fund manager and she was nearing the deadline for an investment decision by one of her leading clients, who wanted to invest in sovereign bonds in a dev

    		•
  • Q : Define Financial Accounting Give a

    Give a brief introduction of the term ‘Financial Accounting’. And also write down its elements?

    		•
  • Q : Define Liabilities Liabilities mean the

    Liabilities mean the amount which the firm owes to the outsiders. Liabilities are of two types: -Long term liabilities & Short term liabilities. Examples of long term liabilities are long terms loans, bonds etc. & examples of short term liabil

    		•
  • Q : Define the term Kiting Define the term

    Define the term Kiting in Accounting stream?

    		•
  • Q : Explain Agricultural business Explain

    Explain the term Agricultural business in term of Accounting?

    		•
  • Q : Free international trade in goods and

    Explain, how economic well-being of a country is improved through free international trade in the goods and services?

    		•
  • Q : Accounting and Financial Management

    Part A During 2012 the Australian Company Woolworths Ltd (WOW) sold its subsidiary business called Dick Smith Electronics. Within 8 months of the FOR SALE sign going up Anchorage bought the Dick Smith Business for $20 million. This is the same amount Woolworths Ltd bought

    		•
  • Q : Fisher Effect and Purchasing Power

    Explain and discuss the significance of Fisher Effect and the Purchasing Power Parity theories to a foreign exchange dealer in the merchant bank?

    		•